VietinBank and Lodgis Hospitality Holdings Sign Comprehensive Cooperation Memorandum of Understanding

07/10/2024 01:00
On the afternoon of October 5, 2024, at The Grand Ho Tram complex (Ba Ria - Vung Tau), VietinBank and Lodgis Hospitality Holdings signed a comprehensive cooperation Memorandum of Understanding (MoU).

Attendees of the event included: Mr. Tran Minh Binh – Chairman of VietinBank’s Board of Directors; Mr. Don Lam – Chairman of the Board of Directors of Lodgis Hospitality Holdings, CEO, and Co-founder of VinaCapital Group; Mr. Christopher Hur – CEO of Lodgis Hospitality Holdings and Chairman of the Board of Members of Ho Tram Project Co., Ltd., along with leaders from both entities.

With the credibility, experience, and strong financial capacity of VietinBank, combined with Lodgis Hospitality Holdings' management expertise and position in the hotel industry, the comprehensive cooperation MoU aims to leverage the strengths of both parties. Through this collaboration, the two sides will expand their fields of operation and optimize the potential and advantages of each to achieve sustainable and effective development.

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VietinBank and Lodgis Hospitality Holdings Sign Comprehensive Cooperation Memorandum of Understanding

Lodgis Hospitality Holdings is a renowned hotel investment brand in Southeast Asia, with nearly 30 hotels and around 6,000 rooms under its ownership and management. In Vietnam and Southeast Asia, Lodgis Hospitality Holdings has built a portfolio of modern, well-equipped hotel complexes, managing total assets of nearly $1 billion.

The comprehensive cooperation MoU between VietinBank and Lodgis Hospitality Holdings opens up numerous collaboration opportunities. The MoU is the result of a period of positive, close, and dedicated cooperation between both parties, marking a milestone for higher-level collaboration. This aims to optimize business advantages while adhering to legal frameworks and each party’s capabilities.

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The memorandum of comprehensive cooperation between VietinBank and Lodgis Hospitality Holdings opens up many opportunities for collaboration

Currently, VietinBank is the best local bank for foreign direct investment (FDI) enterprises in Vietnam. The bank boasts outstanding capacity and experience in capital arrangement for the real estate sector, with a financing scale exceeding $10.7 billion. With this capability, VietinBank will prioritize providing the best resources and offering comprehensive financial solutions to meet Lodgis' reasonable needs, such as capital, financial consulting, retail lending to homebuyers, and collaboration in promoting and distributing Lodgis' products and services through VietinBank's channels, particularly on digital platforms.

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